In light of a near stalemate in the legislature over the proposed Competition Bill, the government has stepped up its efforts to promote it. But the support of officials and academics for the bill as it is currently drafted ignores the real issue, which is not about whether Hong Kong should have a competition law, but what kind of competition law.
|2010/12/07||Law needs to spell out anti-competitive actions|
As legislators start scrutinising the competition bill, the fundamental questions of what kind of competition regime Hong Kong wants, and needs, have been raised once again. Until the bill was presented to the Legislative Council, many had been led to believe that it would be about weeding out hard-core anti-competitive behaviour, such as price-fixing, bid-rigging and market-sharing.
|2009/03/06||Care and time needed for competition law|
The government's announcement last week to delay the competition bill is the right move. It will give officials time to focus on the important and substantial technical, legal and policy matters that have to be addressed as soon as possible. Clarity is needed. The operations of businesses and markets are complex. This is the first time many businesses in Hong Kong will be operating under the provisions of a fair-competition law, and getting it right needs to be a priority.
|2008/12/11||One step at a time|
Getting a competition law right is more important than rushing legislation through, writes Alex Fong - Too many unresolved issues and flaws will undermine the effectiveness of a competition law if the government proceeds with its plans to rush ahead, introducing a bill in the current legislative session. More thorough consideration is needed before proceeding further. This should not be a race.